As you can see the only time period where variable rates are higher is the period of 1988 and 1989 where speculation and
inflation ran very high and was the beginning of our last recession which lasted till 1992. It is interesting to see how the
Canadian Goverment started raising rates at the end of 1992 quite agressively only to reverse their decision within a year.
This may be where we are today only this time indivuduals had accumulated much more debt than back then which will
lead to very skow growth going forward. Feel free to contact us for a free evaluation on how variable can benifit you even if
it starts to rise.
The Mortgage Centre
2, 5715 Coopers Ave.
Mississauga, Ontario - L4Z 2C7, Canada
Contact: Paul Mangion
Email: paul@paulmangion.com
Work Phone: 1.877.234.8275
Mobile: 1.877.234.8275